09/03/2015
The average cost of funds is sticky and takes time to fall, while the marginal cost of funds is likely to fall more quickly, as banks cut deposit rates.
08/31/2015
The Inter-Governmental Agreement between India and US, signed as part of FATCA implementation, requires the Indian FIs to provide necessary information to Indian tax authorities
08/30/2015
Spooked by the new black money law, a number of Swiss and other European banks have begun asking Indian clients to disclose their accounts to the tax authorities back home as they fear being accused of 'abetting' the hoarding of untaxed assets.